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How to Sell Your Home In A Recession

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By elysesdavid
User-Submitted Article
(1 Ratings)
Sell Your Home In A Recession
Sell Your Home In A Recession

Want to sell your house? Want to make a profit despite the recession we are in the middle of?

Difficulty: Moderate
Instructions
  1. Step 1

    SMALL STUFF. The savvy home buyer of today's market DOES see and care about the little stuff you write off as no big deal. I have seen many homes where I cringe thinking that investing a few bucks could go a long way. Fill grout that is cracked or missing. Fix broken blinds. Get the carpet cleaned. Make sure your closets are orderly too! Attention to these small details signifies that you have taken good care of your home and puts the buyer at ease.

  2. Step 2

    LANDSCAPING. Investing as much as you can into your landscaping could put your home on the top of a buyer's list. A well manicured lawn with no ant piles, random dirt patches or dead grass IS important. Drive around your neighborhood and look at what is out there. You will find that you are drawn to homes that have colorful flowers, well-manicured bushes and trees (and good exterior lighting for evening). Remember that many buyers simply drive by first, so if it does not look good on the outside, you may never get buyers to come in!

  3. Step 3

    DECLUTTER AND CLEAN, CLEAN, CLEAN! It matters if you have piles of papers or stuff lying around. You may not notice it, but other people do. It screams "small house, no storage!" Spend the time or money to have your place looking like a model home. A nice touch is to buy some fresh flowers for entry way and bathroom.

  4. Step 4

    PRICE. After you have taken care to maximize your showing potential, remember that the most important thing is the price. A common pitfall is setting a home price too high even as the market continues to crumble. Be realistic when you set your price. The right sales price could attract more than one serious, interested buyer and then you may have people fighting for your home! There are buyers out there. They are looking for either good deals on homes that are ready to move into. You want to make your home the most attractive in its price range. If you do not have people looking at your home on a weekly basis, your price is probably too high.

Tips & Warnings
  • Get a second opinion from a friend or real estate professional about what other things you might do to make your home more attractive to buyers.
  • Open Houses are a good way to attract potential buyers; people like being able to just stop in without an appointment. Even if they may not have the money to buy your home, they may know someone who does.
  • Tell everyone you know that your house is on the market and you are looking to sell.
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